Nomad is targeting an unspecified takeover in the Middle East. It said it could give no value for the potential takeover but added that Gottesman, an American-Israeli businessman, had “deep ties and strong ... financial interests with certain countries in the Middle East”.

The target, Nomad said, would have a competitive industry position, strong cashflow and be an established business with experienced management.

Previous Myners and Franklin ventures have included Justice Holdings, which floated in 2011 and in effect took over Burger King in 2012. Last year saw the listing of Platform Acquisition, which like Justice included the “homeless billionaire” Nicolas Berggruen. It took over the US chemicals giant MacDermid for $1.8 billion.